How far will regulators go?

[Abiky]

Each day, regulators tighten their stance against crypto with the aim of protecting the industry against money laundering and other illicit activities. This "legalizes" crypto to a point where it's "safe" enough for investors and average individuals to buy/sell crypto assets. But the more regulated crypto gets, the less freedom a person will have. Regulators are shutting down centralized mixers, and are now holding privacy protocol developers accountable for their actions.

I wonder how far will regulators go? Will we reach a point where it will be impossible to launch a new crypto without the approval of regulators (in this case, the government)? Those caught making their own crypto or token and launching it to the public without the consent of the government, could either face fines or imprisonment.

What are your thoughts?

[Baghdad]

Digital assets to the tax man is a property and commodity, the crypto regulation policies hardens by minutes, countries, Canada, UK, US, etc adds regulation to stable coins for money laundry purposes. Yes, expect that time to become, a bill is there that asks stable coin issuers to present an equivalent asset or money to cover for the number of coin in distribution. the time is very close for other coins, to underpass a similar strict law. [quote

[MAAManda]

I wonder how far will regulators go? Will we reach a point where it will be impossible to launch a new crypto without the approval of regulators (in this case, the government)? Those caught making their own crypto or token and launching it to the public without the consent of the government, could either face fines or imprisonment.

Maybe they will go that far. BTW, in the case of people launching coins or tokens with malicious intent, I think I'll side with the regulator. We've seen firsthand how those fake developers have made people skeptical of crypto as a whole. The mixer shutdown was also motivated by the many illegal activities, they became ink in clear water. IMO, regulators will not venture into areas they shouldn't be in, they will simply carry out their duties as enforcers of justice, that's all I've in mind.

[Dunamisx]

Each day, regulators tighten their stance against crypto with the aim of protecting the industry against money laundering and other illicit activities. This "legalizes" crypto to a point where it's "safe" enough for investors and average individuals to buy/sell crypto assets.

Everyone of us are not investing because of the condition of crypto being regulated by the government or their institution, a typical reason to this is when you made any mistake to go to your asset hacked or being scammed, the same regulators will definitely fail you because they cannot help with the situation towards recovering back your assets to you, so all they do is only to fight for their own personal interest and not the general interest.

[jossiel]

Each day, regulators tighten their stance against crypto with the aim of protecting the industry against money laundering and other illicit activities. This "legalizes" crypto to a point where it's "safe" enough for investors and average individuals to buy/sell crypto assets. But the more regulated crypto gets, the less freedom a person will have. Regulators are shutting down centralized mixers, and are now holding privacy protocol developers accountable for their actions.

I wonder how far will regulators go? Will we reach a point where it will be impossible to launch a new crypto without the approval of regulators (in this case, the government)? Those caught making their own crypto or token and launching it to the public without the consent of the government, could either face fines or imprisonment.

What are your thoughts?

I hope that they get into that point, we've got so much cryptos already that anyone can make it.

And so if a regulator is requiring that for any developer, this can also reduce the rampant scams that are happening through new projects.

That's one of the advantage that we might get if they get to that point. Since the privacy we're getting is also reduced, we might just get some incentives like that to lessen the victims falling for the projects that have the intent to scam.

[o48o]

Each day, regulators tighten their stance against crypto with the aim of protecting the industry against money laundering and other illicit activities. This "legalizes" crypto to a point where it's "safe" enough for investors and average individuals to buy/sell crypto assets. But the more regulated crypto gets, the less freedom a person will have. Regulators are shutting down centralized mixers, and are now holding privacy protocol developers accountable for their actions.

I wonder how far will regulators go? Will we reach a point where it will be impossible to launch a new crypto without the approval of regulators (in this case, the government)? Those caught making their own crypto or token and launching it to the public without the consent of the government, could either face fines or imprisonment.

What are your thoughts?

Imho there is just not one ideology when it comes to regulations... There are several different political standpoints and any side could win, even the dumb uniformed side.

I don't get this attack against protocols, like open sourced code could be illegal. It's like saying that linux and python should be illegal because hackers (or crackers) are using them.

Mostly all parties agree that we need to do something about money laundering, and that we need some sort of auditability to enforce accountability.

Let's remember that when we are talking about launching cryptos, then seeking people to fund crypto projects, is very different from having a fair launch on some PoW coin.

[Ahli38]

Each day, regulators tighten their stance against crypto with the aim of protecting the industry against money laundering and other illicit activities. This "legalizes" crypto to a point where it's "safe" enough for investors and average individuals to buy/sell crypto assets. But the more regulated crypto gets, the less freedom a person will have. Regulators are shutting down centralized mixers, and are now holding privacy protocol developers accountable for their actions.

I wonder how far will regulators go? Will we reach a point where it will be impossible to launch a new crypto without the approval of regulators (in this case, the government)? Those caught making their own crypto or token and launching it to the public without the consent of the government, could either face fines or imprisonment.

What are your thoughts?

I personally believe that the launch of any new cryptocurrency should not require government approval. Regulators should not adopt such a strict stance that they feel compelled to impose such requirements so that they can still benefit from cryptocurrencies and even the same goes for crypto enthusiasts. Rules that stifle the freedom of crypto enthusiasts will only have a negative impact on future crypto innovation. And new innovations may no longer emerge due to the strictness of regulations that require prior approval like that. The government only needs to regulate crypto in the context of misuse. And I think innovation should not be hindered. Some of the innovative cryptos that exist today are the result of the ease of launching new cryptos without regulatory approval for its launches. Regulators simply need to clarify their regulations so that developers only need to ensure they are not breaking the rules.